Used 2016 Ford Mustang for Sale nearChicago, IL

Compare 2016 Ford Mustang Trims in Chicago, IL

The 2016 Ford Mustang offers a range of trims from budget-friendly options to powerful V8 models, catering to various driving preferences and budgets.

• Starting at $11,745
• Best MPG/MPGe: 22 city / 31 hwy
• Most Popular: GT Premium Coupe RWD

Trim Overview

Prices updated weekly from CarGurus listings.

Quick Compare Table

Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.

Missing data displayed as "—".

Trim Deep Dives

V6 Coupe RWD — "Who It's For"

The V6 Coupe is the pick for shoppers who want a sporty look and features without the higher price of a performance model.

• Avg. market price: $16,497 (updated weekly)
• MPG/MPGe: 17 city / 28 hwy
• Inventory: 54 listings
• View V6 Coupe RWD listings

EcoBoost Coupe RWD — "Who It's For"

The EcoBoost Coupe is the pick for shoppers who want a balance of performance and fuel efficiency without breaking the bank.

• Avg. market price: $11,745 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 93 listings
• View EcoBoost Coupe RWD listings

EcoBoost Premium Coupe RWD — "Who It's For"

The EcoBoost Premium Coupe is the pick for shoppers who want a sporty experience with added luxury features at a reasonable price.

• Avg. market price: $15,432 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 52 listings
• View EcoBoost Premium Coupe RWD listings

V6 Convertible RWD — "Who It's For"

The V6 Convertible is the pick for shoppers who want the Mustang experience with the added enjoyment of open-air driving.

• Avg. market price: $16,408 (updated weekly)
• MPG/MPGe: 17 city / 28 hwy
• Inventory: 22 listings
• View V6 Convertible RWD listings

GT Coupe RWD — "Who It's For"

The GT Coupe is the pick for shoppers who want a powerful V8 engine and a thrilling driving experience without going fully loaded.

• Avg. market price: $22,431 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 193 listings — widest selection in the lineup
• View GT Coupe RWD listings

EcoBoost Premium Convertible RWD — "Who It's For"

The EcoBoost Premium Convertible is the pick for shoppers who want a stylish convertible with modern tech features and good fuel economy.

• Avg. market price: $15,950 (updated weekly)
• MPG/MPGe: 22 city / 31 hwy
• Inventory: 141 listings — widest selection in the lineup
• View EcoBoost Premium Convertible RWD listings

GT Premium Coupe RWD — "Who It's For"

The GT Premium Coupe is the pick for shoppers who want the ultimate Mustang experience with a powerful V8 and luxury features.

• Avg. market price: $28,080 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 258 listings — widest selection in the lineup
• View GT Premium Coupe RWD listings

GT Premium Convertible RWD — "Who It's For"

The GT Premium Convertible is the pick for shoppers who want a fully loaded Mustang with luxury features and the thrill of a convertible.

• Avg. market price: $20,300 (updated weekly)
• MPG/MPGe: 15 city / 25 hwy
• Inventory: 119 listings — widest selection in the lineup
• View GT Premium Convertible RWD listings

Trim Recommendations

Most Popular — GT Premium Coupe RWD

With 258 active listings, the GT Premium Coupe RWD is the clear volume leader in the lineup.

Browse GT Premium Coupe RWD listings

Best Budget Option — EcoBoost Coupe RWD

At $11,745 avg market price — below the lineup median of $16,452 — it's the most accessible entry point.

Browse EcoBoost Coupe RWD listings

Best for Fuel Economy — EcoBoost Coupe RWD

The EcoBoost Coupe RWD offers excellent fuel efficiency at 22/31 MPG/MPGe.

Browse EcoBoost Coupe RWD listings

These recommendations are based on CarGurus' proprietary market data from September 24, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2016 Ford Mustang cost?

Prices have softened 4.17% compared to this time last year, making it a favorable time to shop this model year.

There are 1,775 listings available, which gives you a solid pool of cars to compare on price and condition.

Is the 2016 Ford Mustang a good car?

Yes — the 2016 Ford Mustang earns a 4.85/5 user rating and a 7.5/10 expert rating. The standout strength is Safety at 9/10.

Owners consistently praise its fun and smooth ride, performance, handling, stylish design, and value compared with similar cars. That lines up well with the Mustang’s use case as a sporty coupe or convertible that still aims to feel approachable rather than purely track-focused. You also get a mix of heritage touches and modern convenience, including Sync 3 and special appearance packages that help this model year feel fresh.

The market also shows 32.3% good or great deals, which suggests there are still worthwhile opportunities if you shop carefully.

Is the 2016 Ford Mustang reliable?

Owners rate it 4.85/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that feels fun, smooth, and satisfying to live with, while also being valued for its performance and handling. The expert evaluation also emphasizes that the Mustang has moved beyond its older, less refined behavior and now feels more capable and composed. On the cost side, the model is described as a strong value in the sports-car segment, and there’s mention of attractive financing and a favorable time to buy a convertible sports car.

For used buyers, the main long-term ownership risk is less about outright durability and more about finding an example that hasn’t been modified, neglected, or worn hard.

What should I look for when buying a used 2016 Ford Mustang?

At 54.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the car has been modified or driven hard. Focus on body condition, signs of prior repair, and whether the car’s equipment and trim match the listing. Because this is a sports car, condition matters as much as mileage.

Key things to evaluate:

• Trim level: The base V6 comes with 17-inch alloys, automatic xenon headlights, LED taillights, keyless entry and ignition, a tilt and telescoping steering wheel, and MyKey. Higher trims add features like power front seats, leather upholstery, heated and ventilated seats, ambient lighting, and Sync 3, so the lower trims are the ones where you’ll feel the biggest feature gap.
• Powertrain: You can choose from a V6, a turbocharged 2.3-liter four-cylinder, or a V8. The V6 returns 17 mpg city/28 highway/21 combined with the manual, the EcoBoost returns 22/31/26 with the manual or 21/32/25 with the automatic, and the V8 is rated at 15/25/19.
• Safety package: Standard safety equipment includes antilock brakes, traction and stability control, and a full suite of airbags. Premium Mustangs can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while parking sensors are optional across the lineup.
• Infotainment: Sync 3 is the key tech upgrade, and the upgraded system uses an 8-inch touchscreen. The Premium model also brings a 9-speaker setup, and the system is described as quicker and more usable than the older interface.
• Fuel efficiency: The V6 is rated at 17 mpg city/28 highway/21 combined with the manual and 22 mpg combined with the automatic. The EcoBoost returns 22/31/26 with the manual or 21/32/25 with the automatic, while the V8 is rated at 15/25/19.

Which 2016 Ford Mustang trim should I buy?

The 2016 Ford Mustang is offered in 5 trim levels: V6, EcoBoost, EcoBoost Premium, GT, GT Premium.

Here's the short version:

• V6: This is the most affordable way into the Mustang and still gives you a strong feature set, including 17-inch alloys, automatic xenon headlights, LED taillights, keyless entry and ignition, and MyKey. It makes the most sense if you want the Mustang look and feel without stretching for extra equipment.
• EcoBoost: This trim adds the turbocharged 2.3-liter engine, power front seats, unique 18-inch alloys, a rear spoiler, and LED fog lights. It’s the best-value pick if you want stronger performance than the V6 and don’t need the premium cabin upgrades.
• EcoBoost Premium: This is the sweet spot if you want the most balanced mix of tech and comfort. It adds Sync 3, an 8-inch touchscreen, ambient lighting, leather upholstery, heated and ventilated seats, dual-zone automatic climate control, and other upscale touches.
• GT: Choose this if V8 power is your priority. It brings the Coyote V8, bigger brakes, and available launch-control and line-lock hardware, but it gives up some of the premium comfort features unless you move up.
• GT Premium: This is the best choice if you want V8 performance without giving up the nicer cabin and convenience features. It restores the premium equipment while keeping the stronger engine, making it the most complete version for buyers who want both speed and comfort.

Premium Mustangs can also add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning.

Is now a good time to buy a used 2016 Ford Mustang?

This is a moderate, selective buyer’s market, so you have room to shop, but the best examples still deserve quick action.

• Deal availability: 32.3% of listings are priced as good or great deals.
• Inventory: There are 1,775 listings available.
• Price trend: Prices have softened 4.17% compared with last year.
• Clean inventory: 54.8% of listings are accident-free.

If you find a listing below $18,412, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Ford Mustang's resale value?

The current average of $19,406 sits slightly below last year's $20,250.

That decline suggests the Mustang is still a desirable sports car, but not one that has been immune to broader depreciation. If you buy now, you should expect value to continue easing rather than holding perfectly steady. That makes condition, trim, and mileage especially important if you want to protect your money later.

Vehicles with strong owner satisfaction ratings, like this model year's 4.85/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Ford Mustang safe?

The 2016 Ford Mustang earns a five-star overall rating from NHTSA and a Good rating from IIHS.

It earns a 9/10 safety score from our experts.

Standard antilock brakes, traction and stability control, and a full suite of airbags help support that result. Premium Mustangs can add adaptive cruise control, blind-spot monitoring with cross-traffic alert, and forward-collision warning, while parking sensors are optional for all Mustangs. If safety is a priority, the Premium trims are the ones that give you the most meaningful extra driver-assistance coverage.

Should I buy a 2016 Ford Mustang or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 32.3% of listings are priced as good or great deals.
• At 54.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 4.17% compared with last year.
• Owners rate it 4.85/5 — a strong satisfaction signal.
• Ford added heritage touches and modern upgrades, including hood-mounted turn signals, Black Accent and California Special packages, and Sync 3.

Consider the 2015 if:

• At $19,966, the 2015 costs more than the current year's $19,406 average.
• It was a redesigned anniversary-year Mustang that brought a major step forward in dynamics and technology.

The bottom line: The 2016 is the better all-around buy if you want the newer mix of heritage styling, updated tech, and softer pricing. If you’re shopping strictly on price, the 2015 can still make sense, but you’re paying more for the prior year’s redesign rather than getting the better current-market value.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.